Tabuk Cement posts US$32.02m 1H07 net profit

Tabuk Cement posts US$32.02m 1H07 net profit
Published: 06 July 2007

The net profit of Saudi producer, Tabuk Cement Company (TCC) stood at SAR120.1m (US$32.02m) for the first half of 2007, slightly up from SAR120m (US$32m) for the same period a year earlier, the company said on July 4, 2007.  
 
Earnings per share (EPS) stood at SAR1.3 ($0.35).  
 
The net profit for the second quarter inched down to SAR63m (US$16.8m) from SAR63.5m  (US$16.9m).  
 
The slight decline was attributed to the maintenance works that were carried out at one of the company’s plants in April and May 2007.